income tax act

INCOME TAX ACT NEWS

Received SMS from Income Tax department? Here’s what it means and what taxpayers should do

December 23, 2025 4:45 pm

Income Tax Department Message on ITR filing AY 2025-26: The last date for revising or filing belated return for AY 2025-26 is 31st December 2025.

Income Tax dept opposes plea for inclusion of same sex couples as ‘spouses’, HC refuses urgent interim relief

November 14, 2025 12:14 am

Section 56(2)(x) of the Act deals with taxing any money, property, or other assets received with a value exceeding Rs 50,000. Under its fifth proviso, gifts from certain relatives — including “spouse” — are exempted from tax.

Deed of Familial Association could help bridge gap between rights and lived realities of queer couples

September 17, 2025 5:52 pm

This will help queer couples in accessing the facilities and rights given in court orders/advisories/circulars/orders of government

New Income Tax Act 2025 expands state's digital surveillance powers, marks a constitutional overreach

September 15, 2025 6:10 pm

By extending search powers into virtual domains without adequate safeguards, the new law risks violating the Puttaswamy privacy judgment and the DPDP Act

CBDT drafting rules for Income Tax Act: Focus on simplified language, no ambiguity

August 26, 2025 11:59 am

On the privacy concerns of the seized digital data during searches, surveys and seizure under the new I-T Act, Parbat said there is no expansion in powers and “information cannot be disclosed, until or unless, it is provided in the Act itself”

Delhi HC relief to human rights group, sets aside tax dept notice on NGO status

August 20, 2025 2:04 pm

The I-T Department had cited the Commonwealth Human Rights Initiative's earlier FCRA cancellation by the Centre while issuing the notice. FCRA cancellation implies the organisation can’t accept foreign contributions.

Parliament clears Income Tax, Sports Bills amid Opp protest over roll revision, walkout

August 13, 2025 6:20 am

The National Anti-Doping (Amendment) Bill, which reinforces NADA's autonomy as required by the World Anti-Doping Agency, was also passed by the Parliament. The two Bills now await the President’s assent to be notified as Acts.

The Income Tax Bill does not award arbitrary power to the state by allowing digital search and seizure. Here’s why

July 25, 2025 7:52 pm

In the past decade, Parliament has incorporated several changes in the tax law to keep pace with the digital transformation of society. Digital search and seizure powers contained in the Bill, which facilitate recovery of incriminating digital data, have a similar objective

Individual taxpayers claimed higher tax benefits on political donations than corporate entities

February 16, 2025 10:10 am

The revenue impact of deductions claimed by individual taxpayers was higher compared to corporate taxpayers.

How to reform India’s income tax law

August 03, 2024 11:37 am

The government has announced its intent to review the IT Act. To fundamentally resolve the source of these disputes requires that the contentious sections of the Act be carefully redrafted, tax structure simplified

Advertisement
Advertisement
Advertisement